SEBI Notifies for Applicability of SEBI Circular on PFMIs to AMC Repo Clearing Limited

On 16th December 2022, the Securities and Exchange Board of India (SEBI) issued a Circular in regard to the applicability of the SEBI Circular on Principles of Financial Market Infrastructures (PFMIs) to AMC Repo Clearing Limited. This particular Circular was issued through the exercise of powers as conferred under Section 11 of the Securities and Exchange Board of India Act, 1992, to serve the purpose of protecting the investor’s interests in regard to securities along with promoting the development and regulation over the securities market.

The SEBI Circular bearing reference no. CIR/MRD/DRMNP/26/2013 issued on 04th September 2013, with the subject being “Principles of Financial Market
Infrastructures (PFMIs)” , mandates Clearing Corporations and Depositaries for complying with the PMFIs which is published by the Committee on Payments and Settlement Systems along with the International Organisation of Securities Commissions.